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Property profile & analytics
OFF-MARKET
Office Spaces
21110 Meridian E Graham, WA 98338-5706
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US90-1752118
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1984
Construction
WOOD FRAME
Total area
736 SF
Lot
0.09 ac (4,023 SF)
Zoning code
R10
APN
4173040010
UPID
US90-1752118
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
803 Puyallup LLC · 8 yrs held
803 Puyallup LLC
since 2018
7 recorded transactions
Zoning & alternative use
R10 · Graham, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Graham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Graham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$1,752
Tax year 2024
Assessed value
$120,700
Assessed 2024
Previous assessed
$120,700
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$55,400
Assessed improvement
$65,300
Land market value
$55,400
Improvement market value
$65,300
Total market value
$120,700
Applied tax rate
578.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1984
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Total area
736 SF
Lot
0.09 ac (4,023 SF)
Zoning code
R10
APN
4173040010
UPID
US90-1752118
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R10 · Graham, WA
Zoning R10 · permitted uses
R10 · Graham, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Graham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Construction
WOOD FRAME
Heating
HEAT PUMP
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
803 Puyallup LLC
Entity
Mailing address
PO BOX 88761, STEILACOOM, WA 98388-0761
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2018
$370,000
803 Puyallup LLC
Mcentee Richard J JR|j & J Capital
Trustees Deed
related
—
Dec 10, 2015
—
Graham Property LP
J & J Capital LLC
Quit Claim Deed
related
—
Jan 9, 2015
$465,000
J & J Capital LLC
Graham Center LLC
Grant Deed
$300,000 · Jeffrey A Habersetzer
Sep 7, 2007
$1,415,000
Graham Center LLC
Brucker,robert A & Charlene F
Warranty Deed
—
Jan 9, 1998
—
1997 Brucker Family LP
Brucker,robert A & Charlene F
Quit Claim Deed
related
—
Oct 15, 1993
$115,000
Hexagon INC
Carlyle,thomas G
Grant Deed
—
—
—
Graham Center LLC
—
Deed Of Trust
related
$1,077,200 · Washington Trust Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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